Licensing Regime
Licensing directives stipulate minimum requirements for applicants to operate in the capital markets. The table below briefly summarises some of the requirements for each type of the capital market player. Applicants are however advised to read through the applicable directives to fully understand all the requirements.
| Entity | Application Fee | Minimum Capital | Governance | Duration |
|---|---|---|---|---|
| capital markets intermediaries licensing requirements. | MK100,000 | Kwacha equivalent of USD50,000 | Board of Directors and Senior Management | 2 years |